House Rent Allowances calculation for IT Exemption

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....ouse Rent Allowances calculation for IT Exemption<br> Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 8-10-2014 Last Reply Date:- 21-7-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>Kindly ....

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....provide me how to calculate HRA for IT exemption with examples. Reply By BANWARI LAL: The Reply: HRA CALCULATION ( LEAST OF FOLLOWING WILL EXEMPT) 1 ACTUAL RECIPET 2 40%/50% OF SALARY 3 RENT-....

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....10% OF SALARY HERE SALARY MEAN = BASIC PAY+FDA+FDP+% COMMISSION ON SALES 50% OF SALARY IF PROPERTY RENTED AT BOMBEY,DELHI,CULCUTTA,MADRAS I.E (BCDM) IN ANY OTHER CASE WE WILL TAKE 40% OF SALARY<b....

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